$2,500,000
1319 Newkirk Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,400
Units 20
Cap Rate 6.00%
NOI $158,489
Class B
Stories 4
Investment Type Stabilized
1319 NEWKIRK 20 FAMILY GREAT INVESTMENT
Marketing description
This 20-family apartment building is situated in a strong rental market and has been well-maintained with significant recent improvements, making it an attractive long-term investment.
Investment highlights
- 20 Residential Units
- Fully Occupied
- Annual Rent Roll: Approximately $277,000
- New Boiler and Electrical System
- New Rubber Roof and Pointing
- Excellent Condition throughout
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$158,489.00
$13,207.42/mo
Valuation Metrics
0
DSCR
6.34%
Cap Rate
6.34%
ROI
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